KAHULUI, Hawaii--(BUSINESS WIRE)--Could Maui become known as the home of the world’s best surf, beaches, wind, and the most popular accounting software for small businesses?
A team of Maui entrepreneurs have launched the cloud-based accounting site Cheqbook.com, which solves cloud accounting’s categorization accuracy challenges while delivering a smart online accounting service for small businesses.
It has caught the attention of Silicon Valley and was recently awarded 1st runner up during Startup World’s Hawaii conference. Held in conjunction with Mai Tai Global (an annual Maui gathering of the tech world’s top entrepreneurs, innovators and athletes), Startup World is a global competition looking for the world's best tech start ups.
Doug Levin, Cheqbook CEO and partner at Levin & Hu, Hawaii’s largest CPA firm outside of Honolulu, announced, “After years of struggling with accounting systems, we’re proud to offer this service to small businesses. Cheqbook provides modern accounting tools to better manage business health and while saving precious time.”
Cheqbook has been under development for the past two years and was conceived, in part, to address user frustrations with QuickBooks Pro and the way it handled categorization. “Our system actually saves businesses time by automatically connecting to bank and credit accounts and downloading and categorizing transactions,” explains Levin. “Cheqbook remembers how transactions are categorized by businesses, and also uses crowd sourced data for categorizing algorithms, an advantage not seen in current accounting systems.”
Cheqbook is a complete accounting package that handles tasks such as general ledger, invoicing, bill pay, balance sheet reporting, separating business and personal expenses, reconciliations, and more. Because the software is cloud-based, businesses can gain access to their finances anywhere, anytime, from most Internet devices including your tablet/mobile device’s browser.
Cheqbook is currently offering users a 30 day free trial and anyone that also signs up a friend will get an additional month free. For more information go to www.cheqbook.com.
*CEO Doug Levin available for interview upon request